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<br /> THIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br /> Home Federal Savings&Loan Association of Home Federal Savings&Loan Association of
<br /> Grand Island Grand Island
<br /> 221 South Locust Street 221 South Locust Street
<br /> GRAND ISLAND,NE 68801 GR.AND ISLAND,NE 68801
<br /> (Space Above This Line For Recording Data)
<br /> CONSTRUCTION SECURITY AGREEMENT
<br /> FUTURE ADVANCES AND FiJTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br /> OF TRUST
<br /> This COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST("Security Instrumen�")is made on
<br /> August 26, 2014 by the grantor(s)John S. Schulte, And Dianne L. Schulte, husband and wife, whose address
<br /> is 3422 South llOth Road,Wood River,Nebraska 68883("Grantor"). The trustee is Arend R.Baack,Attorney
<br /> whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal
<br /> Savings & Loan Association of Grand Island whose address is 221 South Locust Street, Grand Island,
<br /> Nebraska 68801 ("Lender"), which is organized and existing under the laws of the United States of America.
<br /> Grantor in consideration of loans extended by Lender up to a maximurra principal amount of Ttivo Hundred
<br /> Seventy-�ve Thousand and 00/100 Dollars (U.S. $275,000.00) ("Maximum Principal Indebtedness"), and for
<br /> other valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to
<br /> Trustee, in trust, with power of sale, the following described property located in the County of Hall, State of
<br /> Nebraska:
<br /> Address: 4153 Fleetwood Rd.,GRAND ISLAND,Nebraska 68803
<br /> Legal Description: Lot Seven (7), Westwood Park Tenth Subdivision, in the City of Grand Island, Hall
<br /> County,Nebraska
<br /> Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br /> tenements, hereditaments, equipment, rents, income,profits and royalties, personal goods of whatever description
<br /> and all other rights and privileges including all minerals, oil, gas, water (whether groundwater, subterranean or
<br /> otherwise), water rights(whether riparian, appropriate or otherwise, and whether or not appurtenant to the above-
<br /> described real property), wells, well pertnits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br /> storage rights, dams and water stock that may now, or at any time in the future, be located on arad/or used in
<br /> connection with the above-described real property, payment awards, amounts received from eminent domain,
<br /> amounts received from any and all insurance payments,and timber which may now or later be located, situated,or
<br /> affixed on and used in conneetion therewith(hereinafter called the "Property").
<br /> This is a PURCHASE MONEY DEED OF TRUST.
<br /> RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br /> prior mortgages, prior deeds of trust, prior deeds to secure debt, business loan agreements, construction loan
<br /> agreements, resolutions, guaranties, environmental agreements, subordination agreements, assignmemts of leases
<br /> and rents and any other documents or agreements executed in connection with this Indebtedness and Security
<br /> Instrument,whether now ar hereafter existing,including any modifications,extensions,substitutions or renewals of
<br /> any of the foregoing. The Related Documents are hereby made a part of this Security Instrument by reference
<br /> thereto,with the same force and effect as if fully set forth herein.
<br /> INDEBTEDNESS. This Security Instrument secures the principal amount shown above as may be evidenced by a
<br /> promissory note or notes of even, prior or subsequent date hereto, including future advances and every other
<br /> indebtedness of any and every kind now or hereafter owing from John S. Schulte and Dianne L. Schulte to
<br /> Home Federal Savings & Loan Association of Grand Island, howsoever created or arising, whether primary,
<br /> secondary or contingent, together with any interest or charges provided in o�arising out of such indebtedness, as
<br /> well as the agreements and covenants of this Security Instrument and all Related Documents (hereinafter all
<br /> referred to as the"Indebtedness„)
<br /> �2004-2013 Compliance Systems,Inc.46F5-A4E8-2013L2.0.666
<br /> Commercial Construction Security Instrument-DL4007 Page 1 of 5 www.compliancesystems.com
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